The NCUA joined other federal financial regulators in issuing a statement on the use of alternative data in underwriting by credit unions, banks and non-bank financial firms.
Category: Regulators
NCUA Chairman Hood to testify before Senate, House banking committees
NCUA Board Chairman Rodney Hood will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs on Thursday, Dec. 5. Hood will be joined by Randal Quarles, vice chairman for supervision of the Federal Reserve System’s board of governors, and Jelena McWilliams, chairwoman of the Federal Deposit Insurance Corporation.
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NCUA board approves ‘second chance’ ruling
The NCUA board of directors yesterday approved a final interpretive ruling and policy statement to expand career opportunities for individuals convicted of certain minor offenses. The proposal was unanimously approved during the agency’s monthly board meeting yesterday.
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DFS statewide student loan town hall tour outlines ‘Borrower Bill of Rights’
Linda Lacewell, super intendent of the state Department of Financial Services, is in the midst of a statewide town hall tour to advise student borrowers of their rights and discuss directly with parents and students about their experiences with paying their educational loans.
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Financial regulators revise Business Continuity Management booklet
The members of the Federal Financial Institutions Examination Council, including the NCUA, last week released an updated Business Continuity Management booklet intended to help examiners determine whether management addresses risks related to the availability of critical financial products and services.
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